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Air India lenders give in, approve Rs 18k-cr debt recast
Lenders of cash-strapped Air India on Friday approved its corporate debt restructuring plan worth Rs 18,000 crore and decided to provide a fresh cash credit of Rs 2,200 crore. Of the Rs 18,000-crore debt restructuring plan, Rs 7,400 crore worth of non-convertible debentures, guaranteed by the government, would be issued, banking sources said here. They said the 13-bank consortium, led by State

Air India wants govt to clear order for 27 Boeing Dreamliners

Despite its begging bowl to the government, Air India is pushing the latter to allow delivery of all the 27 Boeing 787 Dreamliners they'd earlier ordered. However, the government, orchestrating a huge

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Railway could go Air India way if money not pumped in: Trivedi

New Delhi: Railway Minister Dinesh Trivedi on Friday cautioned railway could go the Air India way if money was not pumped in the cash-strapped national transporter, as an official committee

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PM backs Praful in Canadian bribery case
Prime Minister Manmohan Singh has cleared Union Minister Praful Patel of allegations that he took a kickback from a Canadian businessman for an Air India contract when he was Civil Aviation Minister, media reports said on Wednesday.

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Aviation min forms panel to review wage issues

India's civil aviation minister has formed a panel to examine wage-related issues arising from the merger of national carriers Air India and Indian Airlines.In Focus: The most creative ideas used by

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Airbus CEO orders probe on A380 cracks
The head of Airbus said he ordered an internal investigation into how the company allowed wing cracks to develop on its flagship A380 passenger jet, acting to draw a line under weeks of embarrassing

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